Ethereum’s Next Big Move Could Be Slightly Delayed, Market Expert Warns
Anticipated Major Rally For Ethereum Might Require More Patience
Ethereum’s next big upswing is widely believed to be just around the corner as evidenced by several bullish forecasts.
Nonetheless, Ali Martinez, a market expert and investor, predicts that the notable much-anticipated move may take longer than the general market expects.
The expert points to a key market sentiment trend that implies that ETH could require more time to build the necessary momentum for its next price breakout. This forecast may also indicate that the altcoin may witness a period of consolidation before any substantial upward movement.
In the past two bull cycles when long-term holders went into greed, Ali Martinez highlighted that Ethereum climbed super high. Meanwhile, the metric shows that long-term holders’ mood is still in the early phases of belief.
Comparing the development in the ongoing cycle with the past cycles, the expert is confident that the altcoin’s next big move could still be ahead. Martinez’s forecast serves as a cautionary insight for traders and investors as ETH navigates the current volatile phase.